Notice on the DUG chart (below)that the last 2 rallies (oil stock selloffs) occured in January and March. One went from 35 to 55..the other was smaller from 36 to 44. I would think an oil sell off could cause the XOI (above)to correct by at least 150 points back to 1500.
Looks like Breitburn (BBEP) is the latest MLP to put in a meaningful bottom on the chart. Looks like its rallying out of the base.
Nothing new on headlines or upgrades and downgrades.
Looks like Breitburn (BBEP) is the latest MLP to put in a meaningful bottom on the chart. Looks like its rallying out of the base.
Nothing new on headlines or upgrades and downgrades.
joseph cioffi's Source Page - Associated Content
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